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- W1498132389 abstract "Interest is the rate of increasing value of money with time. It is a tool by which the change in value of money over time is measured. The opportunities that money offers to make more money over time leads to the use of interest as a means of measuring the value of money over time. Those who have money have the opportunity to earn interest. Those who borrow money must pay interest. Interest is synonymous with rate of return (ROR), it is also known as the return on investment (ROI) for an investor. Costs for engineering projects are generally estimated using data from recent similar engineering projects. An accurate and detailed plant design is paramount to successful and realistic cost estimation. In most design situations, several technically viable options are evaluated for economic viability." @default.
- W1498132389 created "2016-06-24" @default.
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- W1498132389 date "2013-09-06" @default.
- W1498132389 modified "2023-09-26" @default.
- W1498132389 title "General Engineering Economics" @default.
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- W1498132389 doi "https://doi.org/10.1002/9781118732465.ch11" @default.
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